The Insurance Crisis Looming in California as the Wildfires Burn
California’s Department of Insurance has worked to repair the broken insurance system, but the LA fires threaten to undo the progress the state has made. The burnt remains of a building where once stood a hardware store are seen in Altadena, California, on January 15, 2025. The historic community of Altadena, on the foothills of…
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Initial California wildfire losses estimated between $35B and $45B
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